KANU HIGHLIGHTS KMHL SUCCESS STORY

By Therese PIDIK, Port Moresby

OK TEDI Mining Limited has foreseen to deliver more dividends to the State in 2025 and 2026 onwards.

This is following this year’s remarkable and success story of the PNG owned mining company paying K100 million to the State as Dividend Payment.

Kumul Minerals Holdings Limited Managing Director Mr Sarimu Kanu when presenting the Dividend to the State Enterprise Minister William Duma, gave highlights of what Ok Tedi Mining Limited anticipates to become in the next year and going forward.

Mr Kanu says, they foresee the company to delivery bigger dividend next year on wards.

And with this in mind, an elated KMHL Managing Director, Mr Kanu singled out that in the years 2028 and onwards
Ok Tedi Mining Limited is expected to be at the heights of it’s former glory days.

“We want to restore Ok Tedi back to it’s glory days and we can do that,” Mr Kanu remarked.

Meantime State Owned Enterprise Minister William Duma says most of the SOEs are not doing very well due to various reasons, however KMHL is doing very well with a successful achievement

“K100 million is a lot of money, and the contribution of Kumul Minerals Holding Limited to the government coffers means a lot to us. I have this moments when I am very happy, these are times when our companies give us the returns that we expected, and with a country like PNG having an ever increasing population every K1 or K2 is very important,” Minister Duma expressed.

Minister Duma commended KMHL Board, Management and Staff for this achievement on behalf of the Prime Minister James Marape and the Government